Business studies Aims and organisation

jamaarhouse
Flashcards by jamaarhouse, updated more than 1 year ago
jamaarhouse
Created by jamaarhouse over 7 years ago
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Flash cards on Aims and organisation of businesses

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Question Answer
Cherry is a professional DJ. Which of the following is most likely to be a supplier to her business? A record store
Which of the following is an example of enterprise? Starting a new business is an example of enterprise.
What is it important for an entrepreneur to do? It is important for an entrepreneur to use their initiative.
Which of the following best describes deliberate creativity? Deliberate creativity is a thinking skill.
What is enterprise? Enterprise is a skill
Who is limited liability an advantage to? Limited liability is advantage to shareholders.
What is a business that sells the right to use a business idea? A business that sells the right to use a business idea is called a franchisor.
Which type of business does NOT usually have limited liability? A partnership does NOT usually have limited liability.
What do economies of scale result in? Economies of scale result in lower unit costs.
What is hiring more staff an example of? Hiring more staff is an example of internal growth.
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